This annual economic forecast for the province of Newfoundland and Labrador examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Long-Term Economic Forecast for Newfoundland and Labrador 2014
Provincial Outlook Long-Term Economic Forecast for Newfoundland and Labrador 2014
Provincial Economic Analysis
$625.00
- The development of offshore oil projects will boost investment.
- The population will peak in 2015, and then decline steadily.
- Natural resource development will continue to be the engine of economic growth.
- An aging population and the need for infrastructure spending will put pressure on the provincial budget.
- Housing starts will fall during the entire forecast period, along with residential investment.
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